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Biostage announces $3.1M agreement with investor

Biostage, Inc. of Holliston has enough funding to get it through the end of 2018, following a stock purchase worth $3.1 million by one of its investors.
The company announced Tuesday it has entered a memorandum of understanding with Dallas investment firm First Pecos, LLC for the private placement of 9,700,000 shares of its stock, worth about $3.1 million in total. First Pecos will act as a backstopping party in two pro rata rights off ...

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